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well what the heck do you think JBI and ROCKTENN were doing for over a year together? playing scrabble?
seriously, i am a little shocked you would seriously think a billion dollar company wouldnt run that processor through its paces with different samples of all their feedstock.
wouldnt you? it boggles the mind to think otherwise.
seriously, wow.
no bs. it will be.
considering that smurfit/rocktenn have been in negotiations with jbi for over 1 year, i'd say your horribly misinformed.
in your world
: billion dollar companies jump 'willy-nilly' into contracts with any company that comes along every day?
really? thats how business works?
no tech, we are talking about smurfit.
Maybe they don't want the liability. Maybe they don't want to give up the space.
You seem to think deals like this are signed lickety-split!? jbi and smurfit have been preparing for almost 1.5 years - should deals like this be pushed through before they are ready just to satisfy arm-chair hub jockeys for a couple of days..?
i will repeat this again: john does not care about pumping the stock to keep you happy for a couple of days. when the deal is ready for signing, only then will they sign together. If john had pushed them to sign months ago, both parties would still have to do all the preperation work that they have been doing up to this point. and hubbers would still be clamoring for more! more, pr, more announcemnets... more more more.
A week after the deal is pr'ed and the media event has taken place, this board will see post such as " why not pr about the first processor up and running at smurfit, why no sales yet from the smurfit deal, why, why, why.....
this is a startup company that has scaled a desktop p2o processor into 20ton money making machine. what have you done lately?
you've no idea of the trials and tribulations john has gone through to get to this point. give it a rest or get out.
standing on the shoulder of giants and nitpicking & complaining. its not right.
re: The only thing that really matters to me right now is that they close a JV deal and PR it.
They will close a JV deal and they will PR it. More than pr it, it will be a media event - it could happen tomorrow or it could happen 4 weeks from now. But what IS important right now is for john and the jv in question to take whatever time they need to ensure that they are well prepared to move forward on this deal: its not a simple sign on the line and we'll bring some processors your way -- there is alot of planning involved. they have been negotiating and preparing for 1.5 years.
-------
the following is not necessarily directed at you florinda:
john couldn't care less about pushing negotiations and agreements for the sake of pumping the stock so that "investors" will remain happy for a couple of days and then demand more pr's once the euphoria has abated.
stop panicking all of you. john takes waste plastic and turns it into fuel at a huge profit. think about that.
John knows what he's got, and i will repeat: he couldnt care any less about trying to pump the stock price to keep the arm-chair hubbers happy.
two years ago the p2o processor WAS a tiny prototype that sat on a small desk. 2YEARS! think of the progress that has been made since then -- WOULD ANY OF YOU HAVE BEEN ABLE TO DO THE SAME? -- chill out and wait. one day, one week, one month. wait. and if you dont wanna wait you know where the exit door is.
being a green stock has nothing to do with there current share price --= i am stunned you think it does!?
jbi is PRIMARILY a FUEL COMPANY. they are in the business of selling fuel.
jbi is not in the business of selling green.
why you are so focused on this "when green goes out of style" business has me flabbergasted.
its as though you are viewing this company with blinders on and you lack the ability to turn your head to see anything else.
JBI sells fuel, and it costs them next to nothing to create that fuel.
its not expensive biofuel, its not windfarm. its scrap plastic -to- fuel.
DO YOU UNDERSTAND? being a green process is just a byproduct of the process - but its not jbi's focus.
wow. just wow. but if you want to keep focusing on this "jbi is a niche green company" thing -- then go ahead. your wasting your time though.
I am very interested in your following comment:
bingo
funny how that idea is lost on some.... they would rather spin it into conspiracy. doesnt matter: if they cant figure out what the future holds from our recent pr's, then its their loss. john couldnt care less about proving P2O any further to the arm-chair hubbers, he knows what he's got - and soon, so will the world.
why do you assume oxy only wanted one delivery?
why do you assume jbi is not delivering to other smaller customers than OXY?
why do you assume john will pr every single delivery jbi makes?
jbi has pr'ed the fact that they have started delivering fuel to oxy already. not a small mom&pop shop, but OXY. if investors cannot figure out that this fuel is very saleable and that fuel sales are ongoing from that pr, then thats their problem.
if john were pr'ing every single sale and business agreement jbi was making, people would complain that he's trying to promote the pps. instead he gives you one of the biggest fish out there in OXY, but thats not good either - still cannot see the writing on the wall.
I think everyone will be pleasantly surprised at how easy it will be to 'set up processors', and how silly it was to worry so much about 'funding'.
its time to stop listening to the KNEE-jerk reactors and start enjoying the ride.
i do
Re:
re:
The process has been refined to that level of sophistication. So yes, that's how you should read it.
Re:
this is not necessarily a response to you EP - more its a response to the hysteria displayed from both sides of the investing spectrum.
you too ;)
did you attend the AGM?
ah man i am soo jealous! wish i coulda been there!
would have loved to meet all of you! i've heard from some family members that it was really great getting to know all of you at the friday night meeting!
congrats to everyone! c u all at the next AGM!
wow, you are dead on with that post, especially the second paragraph! nothing further need be written -- pretty much sums up the daily minutia of the past 4 months here on the msg board!!
you and EP are my favorite posters, keep it up!
you, and a few other...um...ahem... "savvy" investors, have asked these question over and over..
You've missed the boat since .21c -- dont YOU think it would be prudent to get in on this before its too late?
Look, we get it. You think JBII is the worst possible stock to buy a year ago, now, and until the end of days. But, seriously - do you really think any otc company trading for pennies is not a risk, OR, in fact too risky? Why are you even here if you feel that way? You simply shouldnt be dealing with any OTC stock, rather the only companies that seem to fit your investing strategy would be very well established companies... perhaps check NYSE...?
To imply that investors here were flat out wrong to invest in JBI at .20c doesnt jive with where we find ourselves at $5+ today, does it? Many people have been predicting doom&gloom everyday on JBI for the past 4 months, but the reality is she's held strong the whole time - never once closing below $4. Sure we've had a retraction from our high, but certainly not the doom&gloom you tirelessly predict here with every single excruciating post... That suggests the market deems JBI to be a "risk worth taking"... does it not? That suggests the market looks positively on the future prospects of John and JBII, does it not?
irregardless of whether this one tanks to sub-dollar tomorrow or goes on to test new highs -- so far: the longs have gotten it right. You haven't. And it doesnt matter whether we have taken profit yet or not -- WE were, and WE are, right. Perhaps tomorrow things will change and the gloom&doom you caterwaulingly predict will happen.... but clearly the market doesnt feel that way at this moment, does it?
By reading your post one could only summize that: the entire market is incorrect, and you are right.
Is that really your contention?
i thought it was too... this isnt rocket science is it?
hasnt the "why not" been explained enough times for you already?
guess not... oh, can we make tomorrow the "bring up the kidd question all day" day? and can wednesday be the........
gotta admit though: you are one heck of a master debater.
sorry, zar -- meant to reply to the honest and honorable rev....
layin the innuendo on a little thick there arent you rev? so it is your contention that john is dishonest then?
or AMEX... and who says things are being held up?
you want verifiable proof that it works as advertised before you invest? Then wait until the unveiling and pay a premium for the price of admission. You wanna do some speculation on OTC stock and possibly get rich if it works as advertised? then stop lolly-gagging and get it now.
you cant have it both ways you know... u like making a decent living on the otc's? then be my guest and play it safe waiting for the verifiable proofs you so terribly desire.... you wanna possibly take the ride o' your life? then buck up and buy.
do one or dont do any, but this incessant caterwauling ends in nothing but bytes.
So, any CEO that doesnt have a formal edumacation in whatever his company produces should not be trusted?
s.jobs opinion should not be trusted by apple shareholders cause he doesnt have technical expertise....?
why ask for a link when you've already stated sousa's opinion mean nothing?
yes i have.
"Is Al Sousa a chemical engineer or something?" == conjecture
No -- but in all probability a man whose already made millions wouldnt put his name and money onto something so 'publicly" unproven as p2o without definitive proof.
oh by the way -- whose to say his friggin friend that he brought along isnt a chemical engineer or something?
johns facebook is for "friends" of john and/or of the juggernaut of a company that he has tirelessly built up in less than a year --
should it really be surprising to anyone that an individual would be unfriended/denied access if they've relentlessly proven to be very "unfriendly" to both john and the company?
I know that I would put such individuals on ignore if they tried to "befriend" me on facebook also!
oooopps. they got me Rawnoc. Guilty as charged.
It's a vice, I know.
Woo-Hoo -- lets all slap a$$es for mr rickitickitic!
I am gushing, I admit it....
Thank you for the update!
if it is a pump n dump -- then when is the dump? logic would dictate it be when the pump is at its height, wouldnt it?
Has JB dumped anything? No, he has returned a heck of a lot to the company though. But wait, maybe he's intentionally not releasing new info cause he's waiting for stock to reach the lowest possible point before he dumps? yes, that makes sense.
How hard is it to understand that right now its a speculative stock? There are no absolutes yet. You want absolutes then go find google, microsoft, and apple. What's that? too much money? You can only afford the risky otcbb stocks? Then what the heck are you complaining about? YOU are either comfortable with said speculation, or your not. Get in or stay out, it's your call based on all available information. Right now the ibox would be the greatest source of information on this speculative stock - if the information YOU require to make a 'buy' call on this stock is not available there, then move on. Why start a new account just to rant and imply that we're all cantankerous simpletons?
also note:
JBI, Inc. is Debt-Free
NIAGARA FALLS, Ontario, Jan. 6, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that the Company has paid all corporate debt, including accrued interest prior to its December 31, 2009, year-end in furtherance of its growth strategies. The Company's debt-free status results in a monthly savings of over $26,000 in interest payments.
The debt and accrued interest was paid without dilution to the Company's shareholders. In order to increase shareholder value and prevent shareholder dilution as JBI expands, since June 2009, CEO John Bordynuik has returned 31 million of his personal common shares to the Company's treasury.
"With so much opportunity on the horizon including the launch of P2O and the establishment of P2O sites pursuant to our LOI and the anticipated listing of our Company on a senior exchange, it was critical for me to achieve my goal of a debt-free JBI prior to 2010," said Bordynuik. "I am proud of this Company and its loyal shareholders that made this significant accomplishment possible."